Wedding Bells: Tax Issues to Consider Before Tying the Knot

Summer — the traditional wedding season — is just around the corner. Marriage changes life in many ways. Here's how it may affect your tax situation. Marital Status Your marital status at year end determines your tax filing options for the entire year. If you're married on December 31, you'll have two federal income tax filing choices for 2017: File jointly with your spouse, or Opt for Continue Reading

Year-End Marital Status and Taxes: Timing Is Everything

As if the process of getting married (or divorced) isn't difficult enough, couples also need to take income tax considerations into account before tying (or untying) the knot. That's particularly true for those who plan a change in marital status late this year or early next year. A taxpayer's marital status for the entire year is determined as of December 31. A taxpayer who is married (or Continue Reading